There are five types of fees that will be incurred in Bybit Leveraged Token trading, including trading fee, purchase fee, redemption fee, management fee and funding fee.
Each fee is calculated as follows:
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Fee Calculation |
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Trading Fee |
Filled Order Quantity × Spot Trading Fee Rate* * Spot Trading Fee Rate: 0.1% |
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Purchase Fee |
Purchase Quantity × Purchase Price × Purchase Fee Rate* * Purchase Fee Rate: 0.1% |
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Redemption Fee |
Redemption Quantity × Redemption Price × Redemption Fee Rate* * Redemption Fee Rate: 0.1% |
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Management Fee |
Net Asset Value × Position Quantity × Daily Management Fee Rate* * Management Fee Rate: 0.02% |
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Funding Fee |
Position Value × Funding Rate |
Notes: Currently, only API users will be able to purchase and redeem Leveraged Tokens. Other users can buy and sell the Leveraged Tokens through the Spot market.
Let's look at a few examples below:
Trading Fee
Trading fees are charged when buying or selling Leveraged Tokens in the Spot market, and the fee structure is the same as for Spot Trading.
Formula
Trading Fee = Filled Order Quantity × Spot Trading Fee Rate
Spot Trading Fee Rate: 0.1%
To learn more about how trading fees are calculated, please refer to Bybit Spot Fees Explained.
Purchase Fee
Purchase fees are charged when traders choose to purchase Leveraged Tokens.
Formula
Purchase fee = Purchase Quantity × Purchase Price × Purchase Fee Rate
Purchase Fee Rate: 0.1%
Example
Trader A purchases 200 BTC +3L at a purchase price of 7 USDT. The purchase fee paid by Trader A is 1.4 USDT, based on the following calculation:
200 × 7 × 0.1% = 1.4 USDT
Redemption Fee
Redemption fees are charged when traders choose to redeem Leveraged Tokens.
Formula
Redemption Fee = Redemption Quantity × Redemption Price × Redemption Fee Rate
Redemption Fee Rate: 0.1%
Example
Trader B redeems 100 BTC3L at the redemption price of 10 USDT. The redemption fee payable by Trader B is 1 USDT, based on the following calculation:
100 × 10 × 0.1% = 1 USDT
Management Fee
The management fee of 0.02% will be charged daily at 12AM (midnight) UTC. It will be reflected in the net asset value of the Leveraged Token. Your position quantity will not be affected.
Formula
Management Fee = Net Asset Value × Position Quantity × Daily Management Fee Rate
Management Fee Rate: 0.02%
Example
Revisiting Trader A’s case, he holds 200 BTC3L. Assuming the net asset value is 10 USDT, the management fee paid by Trader A is 0.4 USDT, based on the following calculation:
200 × 10 × 0.02% = 0.4 USDT
Funding Fee
Funding fees are charged based on the funding rate of the underlying asset of a Leveraged Token, and are reflected on the NAV of the Leveraged Tokens. Your position quantity will not be affected. Traders can check the funding timestamp from the trading page of the respective Perpetual Contracts.
Formula
Funding Fee = Position Value × Funding Rate
To learn more about how funding fees are calculated, please refer to the Funding Fee Calculation.